Chicken Producers Fall as Another Lawsuit Alleges Price Fixing
- Food distributors Sysco, US Foods file claims in Illinois
- Latest suits add to string of litigation since mid-2016
Photographer: Brendon Thorne/Bloomberg
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Two large U.S. food distributors added to a string of lawsuits that accuse chicken companies of illegally conspiring to raise poultry prices.
Sysco Corp. and US Foods Holding Corp. made the complaints on Tuesday in separate lawsuits filed in the northern district of Illinois. Both claim that numerous companies, including Tyson Foods Inc., Sanderson Farms Inc., Pilgrim’s Pride Corp. and closely held Perdue Farms Inc., made illegal agreements and reduced chicken supply to boost prices. Shares of the poultry producers fell in New York.